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LONDON — The size of Britain's military budget is set to be surpassed by India's in the next few years, a development that would see the United Kingdom spend less on defense than its former colonial subject, a defense analysis firm said Wednesday.

HIS Jane's said that projections show that Britain — once No. 4 in terms of global military spending — had fallen into fifth place behind Russia this year and is due to slip into sixth place behind in India in 2017.